Saturday, December 25, 2010

Dallas Industrial Space: Helpful Pointers

By Nathaniel Potter


Dallas is one of the largest cities in the United States, and in the state of Texas. Dallas has a population of over 1.2 million people, and is the 3rd largest city in Texas, following Houston and San Antonio.

Dallas industrial space puts your company in the core of the largest inland metropolitan area in the United States that doesn't have any accessible link to the sea. Dallas commercial real estate is home to several industries, principally those in the banking, commerce, telecommunications, computer technology, energy and transportation. Dallas industrial space is a great choice for your company, the job market in the area has grown by 46,000 since 2007. Dallas has also been ranked as the number 1 city to earn a living in the United States.

As one of the most diverse high-tech manufacturing locations in Texas, Fort Worth/Dallas industrial space is home to a variety of high tech corporations including Lockheed Martin, Bell Helicopter and Motorola. A number of international corporations are also headquartered in the Fort Worth-Dallas area, including American Airlines, BNSF Railway, Pier 1 Imports, RadioShack and XTO Energy. Other corporate companies that call Dallas commercial real estate home include Justin Brands, FedEx, Ben E. Keith and Williamson Dickie. Health care, finance, telecommunications, education, tourism, retail trade, and services are also significant economic sectors for the area.

Commercial rents for Dallas office and industrial space are among the most eye-catching in the nation for tenants. DFW experienced office vacancies of 21% in second quarter 2008. Industrial vacancies were less than 10%.

What are some other incentives for looking into Dallas industrial space? "Texas has no personal or corporate income tax and no state property or unitary state tax, The Texas Industrial Revenue Bond Program provides tax exempt financing for land and depreciable property for industrial and manufacturing projects, The Economic Development and Diversification Program is a tax incentive that offers an in-state tuition waiver for family members who have relocated their company to Texas," and there are many more advantages for both you and your company if you choose to open, relocate or expand with industrial space in Dallas.




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